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NWG US​

NatWest Group plc Sponsored ADR(NWG US)

$16.80-0.191.12%Ext:$17.32+0.523.12%(Market Closed · 23:55:07 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

NatWest Group plc Sponsored ADR — Company Profile

NatWest Group plc is a leading financial institution that delivers a broad spectrum of banking and financial services to individual customers, businesses, corporations, and institutional clients across the United Kingdom and globally. The company's operations are divided into several key divisions: Retail Banking addresses consumer needs by providing essential banking products like current accounts, home mortgages, unsecured personal loans, and savings options, alongside extensive mobile and online banking capabilities. Commercial Banking offers bespoke banking and financing solutions, supporting entities ranging from new start-ups and small-to-medium-sized enterprises (SMEs) to larger commercial and corporate organizations. Private Banking specializes in offering exclusive private banking and wealth management services for affluent individuals and their business ventures. RBS International focuses on providing various banking products and services specifically for institutional customers, in addition to managing wholesale branches and fund depositary services. NatWest Markets assists corporate and institutional clients in the strategic management of financial risks, guiding them towards achieving their immediate and long-term financial aspirations. The company boasts a significant physical footprint, with approximately 800 branches and an additional 16,000 points of presence. Established in 1727, NatWest Group plc, which was formerly known as The Royal Bank of Scotland Group plc until its name change in July 2020, is headquartered in Edinburgh, United Kingdom.

Sector
Financials
Industry
Financial Services
Exchange
UN
CEO
John Paul Thwaite
Headquarters
Edinburgh, X0, GB
IPO Date
Oct 18, 2007
Employees
59,000
Website
www.natwestgroup.com

Key Metrics

Price
$17.67
Market Cap
$35.18B
Revenue (TTM)
$7.38B
Net Income (TTM)
$1.50B
EPS (TTM)
0.72
P/E (TTM)
5.87
P/B (TTM)
0.81
Dividend Yield
6.30%
ROE (TTM)
13.69%
ROA (TTM)
0.82%
Operating Margin
26.15%
Beta
1.14

Dividends

Last Dividend
$0.62
Last Yield
0.06%

Summary

NatWest Group plc is a leading financial institution that delivers a broad spectrum of banking and financial services to individual customers, businesses, corporations, and institutional clients across the United Kingdom and globally. The company's operations are divided into several key divisions: Retail Banking addresses consumer needs by providing essential banking products like current accounts, home mortgages, unsecured personal loans, and savings options, alongside extensive mobile and online banking capabilities. Commercial Banking offers bespoke banking and financing solutions, supporting entities ranging from new start-ups and small-to-medium-sized enterprises (SMEs) to larger commercial and corporate organizations. Private Banking specializes in offering exclusive private banking and wealth management services for affluent individuals and their business ventures. RBS International focuses on providing various banking products and services specifically for institutional customers, in addition to managing wholesale branches and fund depositary services. NatWest Markets assists corporate and institutional clients in the strategic management of financial risks, guiding them towards achieving their immediate and long-term financial aspirations. The company boasts a significant physical footprint, with approximately 800 branches and an additional 16,000 points of presence. Established in 1727, NatWest Group plc, which was formerly known as The Royal Bank of Scotland Group plc until its name change in July 2020, is headquartered in Edinburgh, United Kingdom.

Website
www.natwestgroup.com
Location
Edinburgh, X0, GB
Phone44 13 1626 3263
Employees59,000
CEOJohn Paul Thwaite
Sector
Financials
Industry
Financial Services
IPO DateOct 18, 2007

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Latest Documents

SEC Filings(4K)

Expand
  • 6-KTRANSACTION IN OWN SHARES23 Oct
  • CERTCERT21 Oct
  • 8-A12BRegistration of securities (Section 12(b))16 Oct
  • 6-KCurrent report (foreign private issuer)16 Oct
  • 424B5Prospectus filing (Rule 424(b)(5))14 Oct
  • 6-KNATWEST GROUP PLC PRICING OF SECURITIES14 Oct
  • FWPFree writing prospectus13 Oct
  • 424B5Prospectus filing (Rule 424(b)(5))13 Oct
  • 6-KTRANSACTION IN OWN SHARES9 Oct
  • 6-KDIRECTOR/PDMR SHAREHOLDING5 Oct
  • 6-KTRANSACTION IN OWN SHARES2 Oct
  • 6-KDIRECTOR/PDMR SHAREHOLDING30 Sep
  • 6-KTOTAL VOTING RIGHTS30 Sep
  • 6-KBATCH FILING30 Sep
  • 6-KCurrent report (foreign private issuer)29 Sep
  • 6-KTRANSACTION IN OWN SHARES25 Sep
  • 6-KDIRECTOR/PDMR SHAREHOLDING22 Sep
  • 6-KTRANSACTION IN OWN SHARES18 Sep
  • 6-KTRANSACTION IN OWN SHARES11 Sep
  • 6-KTRANSACTION IN OWN SHARES4 Sep

News

  • Top FTSE 100 Index shares to watch next week: HSBC, Lloyds, BP, NatWest23 Oct
  • NatWest faces union backlash after asking staff to spend at least two days a week in office20 Oct
  • Banking tax raid fears hit London lenders' shares ahead of crucial budget16 Oct
  • Lloyds and NatWest lead FTSE 100 fallers as bank tax fears return16 Oct
  • European Banks retain JP Morgan backing with NatWest a top pick13 Oct
  • 5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% Plus (October 2026)10 Oct
  • Head to Head Analysis: NatWest Group (NYSE:NWG) versus Banco Do Brasil (OTCMKTS:BDORY)6 Oct
  • NatWest is one of Citi's top pick as European bank credit growth holds firm6 Oct
  • NatWest Group plc (NYSE:NWG) Receives Consensus Recommendation of “Moderate Buy” from Analysts28 Sep
  • The UK’s First Tokenized Deposit Transfers: What You Need to Know25 Sep
  • NatWest Group plc (NWG) Presents at Barclays 24th Annual Global Financial Services Conference Transcript15 Sep
  • NatWest Group plc $NWG Shares Acquired by Engineers Gate Manager LP14 Sep
  • 5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (September 2026)12 Sep
  • JP Morgan stays overweight on European banks, names NatWest a top pick8 Sep
  • NatWest named top pick by Citi as European banking bull run nears final leg26 Aug
  • NatWest: Improving Deposit Margin Continues To Lift Earnings10 Aug
  • 5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (August 2026)5 Aug
  • NatWest Group Q2 Earnings Call Highlights31 Jul
  • NatWest Group plc (NWG) Q2 2026 Earnings Call Transcript31 Jul
  • NatWest Raises Guidance and Brings Forward Share-Buyback Plans31 Jul

Mentions in Filings

  • … for Credit Losses Committee and Co-Chair of the Audit, Strategic Planning, Corporate Development, Asset Liability, and Capital Planning Committees. Before joining TCF, Mr. Meringolo held senior leadership positions at <strong>NatWest Group</strong> (formerly Royal Bank of Scotland), a $1.5 trillion asset global bank, serving in London from 2013 to 2018, including as Managing Director and Global Head of Leveraged Finance and, prior, as Chief Risk Officer of the Gl …
    New Iceland Arctic Acquisition Corp.NatWest Group plc Sponsored ADR·S-1/A - FORM S-1·Q4 26·14 Oct
  • … for Credit Losses Committee and Co-Chair of the Audit, Strategic Planning, Corporate Development, Asset Liability, and Capital Planning Committees. Before joining TCF, Mr. Meringolo held senior leadership positions at <strong>NatWest Group</strong> (formerly Royal Bank of Scotland), a $1.5 trillion asset global bank, serving in London from 2013 to 2018, including as Managing Director and Global Head of Leveraged Finance and, prior, as Chief Risk Officer of the Gl …
    New Iceland Arctic Acquisition Corp.NatWest Group plc Sponsored ADR·S-1/A - FORM S-1·Q4 26·5 Oct
  • … for Credit Losses Committee and Co-Chair of the Audit, Strategic Planning, Corporate Development, Asset Liability, and Capital Planning Committees. Before joining TCF, Mr. Meringolo held senior leadership positions at <strong>NatWest Group</strong> (formerly Royal Bank of Scotland), a $1.5 trillion asset global bank, serving in London from 2013 to 2018, including as Managing Director and Global Head of Leveraged Finance and, prior, as Chief Risk Officer of the Gl …
    New Iceland Arctic Acquisition Corp.NatWest Group plc Sponsored ADR·S-1 - Registration statement (general form)·Q4 26·2 Oct
  • … for Credit Losses Committee and Co-Chair of the Audit, Strategic Planning, Corporate Development, Asset Liability, and Capital Planning Committees. Before joining TCF, Mr. Meringolo held senior leadership positions at <strong>NatWest Group</strong> (formerly Royal Bank of Scotland), a $1.5 trillion asset global bank, serving in London from 2013 to 2018, including as Managing Director and Global Head of Leveraged Finance and, prior, as Chief Risk Officer of the Gl …
    New Iceland Arctic Acquisition Corp.NatWest Group plc Sponsored ADR·S-1/A - Registration statement (general form, amendment)·Q3 26·16 Sep
  • … KeyCorp | | 1.50% | | 895 | | 20.10 | | 17,989 | | LNC | Lincoln National Corporation | | 1.84% | | 537 | | 40.99 | | 22,012 | | LYG | Lloyds Banking Group Plc (ADR) † | | 0.40% | | 892 | | 5.38 | | 4,799 | | NWG | <strong>Natwest Group Plc</strong> † | | 0.40% | | 280 | | 17.15 | | 4,802 | | ORI | Old Republic International Corporation | | 0.67% | | 207 | | 38.55 | | 7,980 | | PRU | Prudential Financial, Inc. | | 1.50% | | 158 | | 113.53 | | 17,938 | | PUK | Pr …
    FT 13255NatWest Group plc Sponsored ADR·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·9 Oct
  • … ​ | Manulife Financial Corporation (3) | ​ | 1.61 | ​ | ​ | 41.67 | ​ | 2,459 | | 163 | ​ | ​ | MUFG | ​ | Mitsubishi UFJ Financial Group, Inc. (3) | ​ | 2.42 | ​ | ​ | 22.65 | ​ | 3,692 | | 167 | ​ | ​ | NWG | ​ | <strong>NatWest Group PLC</strong> (3) | ​ | 1.89 | ​ | ​ | 17.25 | ​ | 2,881 | | 89 | ​ | ​ | IX | ​ | ORIX Corporation (3) | ​ | 2.15 | ​ | ​ | 36.84 | ​ | 3,279 | | 68 | ​ | ​ | PSZKY | ​ | Powszechna Kasa Oszczednosci Bank Polski SA (3) | ​ | 1.35 …
    Advisors Disciplined Trust 2362NatWest Group plc Sponsored ADR·487 - Registration statement (unit investment trusts)·Q4 26·8 Oct

Key Stats

Trading

Px/Chg 1D$17.67 / +1.55%
Prev Close$18.95
% of 52Wk H97.53%
Avg Volume4.41M
Beta1.14
Mkt Cap35.18B
FD Mkt Cap37.70B

Float

Shrs Out/Float1.99B / 1.99B
Short Float0.00%
Days to Cover1.00
Stock Repurchased$2.56B

Current Valuation

EV-37131732799.82
EV/EBITDA-4.08
EV/Sales-1.26
P/B0.81
P/S1.19
FCF Yield0.00%
ROE13.69%
ROA0.82%
Current Ratio0.20

Dividend

Cash$0.62
Yield6.30%
Yield (TTM)6.30%

Estimates

P/E5.87
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgJul '23Apr '24May '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings11.694.263.675.6221.5623.37
Price / Sales2.330.950.690.944.314.76
Price / Book Value0.630.440.460.690.750.81
Price / Free Cash Flow7.600.00-0.9038.870.000.00
ENTERPRISE VALUE METRICS
Enterprise Value-18,699.0-47,161.1-27,410.8-126.418,334.9-37,131.7
Enterprise Value / Sales-1.32-2.92-1.11-0.002.48-5.03
Enterprise Value / EBITDA-3.93-7.91-3.85-0.028.19-16.05
Enterprise Value / EBIT-4.49-9.19-4.44-0.029.45-18.26

Financials

Full Financials
Millions GBP5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue25.1%12,039.016,147.024,761.028,565.029,478.0
Gross Income12.6%10,340.013,352.014,784.014,653.016,609.0
EBITDA16.8%4,767.05,965.07,112.07,253.08,862.0
EBIT19%3,844.05,132.06,178.06,195.07,708.0
Net Income15.6%3,268.03,589.04,636.04,802.05,831.0
EPS (Diluted)25.7%1.081.361.962.122.70
BALANCE SHEET
Cash & ST Inv-21.7%261,229.0154,983.0116,471.0106,931.098,233.0
Total Assets-2.2%781,992.0720,053.0692,673.0707,985.0714,553.0
Total Liabilities-2.4%740,189.0683,557.0655,485.0668,607.0671,940.0
Total Shareholder Equity47.7%41,796.036,488.037,157.039,350.042,599.0
CASH FLOW
Net Operating Cash Flow-39.8%53,687.0-43,597.0-17,438.01,772.07,072.0
Cap Ex9.2%-901.0-639.0-1,555.0-1,078.0-1,282.0
Free Cash Flow-42.5%52,786.0-44,236.0-18,993.0694.05,790.0

Enterprise Value Bridge

Millions GBP23 Oct '26
Price (As of 23 Oct '26)16.81
Basic Shares1,990.73
Market Cap33,464.2
Diluted Shares2,011.24
Fully Diluted Shares Outstanding2,011.24
Fully Diluted Market Cap33,808.9
+Consolidated Debt6,642.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-78,966.0
−Short-term Investments-56,817.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest16.0
+Pension Liabilities—
Enterprise Value-38,843.8

Segment data

Revenue

by Geography

  • Europe74%
  • United States20%
  • Row7%

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